Tag: expansion
Retreader Seryt Tyres reports growth in a time of consolidation and attrition
Goodyear’s decision to exit UK retreading in 2015, followed by Continental’s 2016 takeover of Bandvulc and Vaculug’s 2018 acquisition by Zenises Group changed the face of the UK retreading business in just three years. However, while the market has both contracted and consolidated in recent years, a core group of key retreading production bases remain. And while the largest retreading businesses often gain the spotlight, it is worth mentioning fast-growing operations as well. Sussex-based Seryt Tyres is one such company, so Tyres & Accessories got in touch with director Kevin Gillin and marketing manager Olly Townsend in order to find out more.
CEAT inaugurates Tamil Nadu Factory
In mid-February CEAT inaugurated its new Sriperumbudur, Chennai factory in Tamil Nadu region of India.
Hubei Linglong initiates truck tyre production
Hubei Linglong Tire Co. Ltd., Linglong Tire’s fourth domestic Chinese manufacturing base, celebrated the production of its first truck tyres on 21 November. Dignitaries from Jingmen, Hubei, China, and Hubei Linglong Tire witnessed this historical moment together.
Roadbot’s $600 million UAE tyre plant
In January 2019, construction of the United Arab Emirates’ (UAE) first tyre plant began. Now, the best part of a year later, sources operating in the Middle East and Africa region report that the Roadbot factory, which is being built in KIZAD’s China-UAE Industrial Capacity Cooperation Demonstration Zone by Tirebot, is nearing the completion of its initial stage of development. During the ground-breaking of the plant in January, company representatives said the factory would become operational in October 2020. As much as US$600 million is reportedly being invested in the project.
Autogem invests in new mezzanine level
Autogem has invested in a new mezzanine level at its headquarters/warehouse in order to provide “greater efficiencies and speed of product delivery to customers”. The expansion, which has taken place roughly two years after the company’s move to Autogem House in Abbey Road, North London, creates 400-pallets’-worth of additional space, which in turn allows the company to house more products.
Quick Lane opens new Colchester centre
Quick Lane Tyre & Autocentre opened its new Colchester branch today as the brand continues its UK and European growth.
Prinx Chengshan hosts dealer conference in Xi’an
On 16 October Prinx Chengshan held its 2019 International Dealer Conference in the historic city of Xi’an. The theme for this year’s conference, which was held four years after the last one, was: "together for future".
Kirkby Tyres celebrate second straight Truck & Agricultural Tyre Supplier of the Year Award
When Kirkby Tyres received the prestigious Truck & Agricultural Tyre Supplier of the Year Award (2019) on 3 October, it marked the second consecutive year that the Liverpool-based wholesaler had won the award.
Lassa reports 60% growth in tyre exports
Lassa Tyres has reported that the brand has grown international exports by 60 per cent during the last five years. Top countries, where Lassa Tyres were sold during 2018 include Egypt, Italy, Germany, Austria, Ukraine and Morocco.
Conti investing 100 million euros expanding OTR tyre production in Portugal
Continental is investing roughly 100 million euros in the expansion of its Lousado, Portugal radial earthmoving and port tyres production facilities. As a result of the investment, the newly-expanded plant, which will continue to focus on production of tyres with diameters over 24 inches, more than 100 new jobs will be created.
Kwik Fit Italy hits 51 branches
Kwik Fit has grown into the fourth largest branded tyre retail network in Italy just three years after the chain got underway in Italy. 51 centres now operate under the Kwik Fit brand across the country, with the network most recently adding a well-established operator in San Marino.
The growing influence of autocentres on tyre retail
In recent years autocentres have been selling more tyres than ever. At the same time, specialist tyre retailers – such as those featured on our annual table, have moved towards additional servicing and mechanical repairs in order to increase sales. This is especially the case at the top of the table, amongst the largest tyre retail chains where as much as 45 per cent of annual turnover is now made up of non-tyre sales.
Driving simulator manufacturer expand UK facilities on increased demand
UK-based driving simulator manufacturer Ansible Motion will double its office space at the Hethel Engineering Centre for the design, validation and manufacturing of its proven simulator and testing technologies, as it expands on the back of increased demand. The company has secured a grant towards its facilities expansion through the New Anglia Small Grant Scheme, which is part-funded by the European Regional Development Fund. The new offices are due to open in June 2019.
Nexen set to begin trial production at new Czech tyre plant
Nexen Tire Europe is due to begin trial production at its new facility in Zatec, the Czech Republic. The news marks the virtual completion of the project that started in October 2015.
Test World opens newly expanded indoor proving ground
Test World officially opened additional new indoor test facilities at its Ivalo, Finland operation on 27 March 2019, signalling the culminating of that latest part of a multi-million-euro series of investments in Test World. The recently constructed indoor facilities increase Test World’s capacity for year-round cold weather testing, allowing for simultaneous testing on snow, ice, and wet and dry asphalt, 365 days a year.